Section I - Multiple Choice (2 Viewers)

[juliastegner]

are those teachers answers 100% correct?

 

[dela_]

Lol for 8 i put C cause i thought if there was high inflation, the reserve bank will increase interest rate to lower inflationary pressure thus allowing people who deposit into banks increase their money cause of increase in savings rate....thats what would probably happen in the long term anyways

wouldn't 12 be c ..:S

 

[kev-is-red]

are those teachers answers 100% correct?

Even though she is an amazing teacher and I can't see her making a mistake, there is always a chance. But the guy who is topping my class got $1500 as well.

I fucking hope they are wrong.

 

[silence--]

i hope $1500 is right. HAHA.

 

[Lis020393]

ok but if there's an increase in demand for the $A wouldn't that result in a decreased supply of $A as shown in the graph? with the $A appreciating from 0.60 to 0.70 US?
I don't really understand your reasoning for it being C but you're probably right

 

[friend177]

Even though she is an amazing teacher and I can't see her making a mistake, there is always a chance. But the guy who is topping my class got $1500 as well.

I fucking hope they are wrong.

i fucking hope they are right. cause i had to make a punt between c and d and a i chose c of all of them did it in last minute

 

[friend177]

wouldn't 12 be c ..:S

beats me i put C is to..

 

[dela_]

And also isnt 20 d:S

 

[friend177]

And also isnt 20 d:S

nah its C, draw a graph out you'll see.

 

[stevey6404]

beats me i put C is to..

Can't be C cause it's asking for economic expansion ON the gov..so if it expands..there would be more income --> thus more tax for government..and lower u/e, so lower u/e payments.

 

[y510920]

Can't be C cause it's asking for economic expansion ON the gov..so if it expands..there would be more income --> thus more tax for government..and lower u/e, so lower u/e payments.

This.

can't believe i got one wrong...could have got full marks. question 3, how is it C???? i put D, firstly, a lower competition in the product market means that inefficient industries still exist and won't decline, which means there will not be any structural unemployment, which reduce the size of nairu???

 

[y510920]

I spent 10 min on the 1st question.
My god that was a tough MC :/

what....answer was C pretty easy....increase in the price of oil makes transportation of goods and labours to overseas more expensive, doesn't that hinder and slow down the process of globalisation?

 

[bouncingfire]

can someone scan and post up their MCs, i gave mine to my teacher haha xD i shall rep u

http://img411.imageshack.us/img411/8062/img7712v.jpg
http://img193.imageshack.us/img193/794/img7709s.jpg
http://img195.imageshack.us/img195/7303/img7708fr.jpg
http://img85.imageshack.us/img85/1662/img7707.jpg
http://img443.imageshack.us/img443/1463/img7705v.jpg
http://img337.imageshack.us/img337/8334/img7704n.jpg
http://img856.imageshack.us/img856/1991/img7703zm.jpg

Not really a scan but the best I can do

 

[michaeljennings]

How about we wait til determine does it so he can post solutions

 

[Lis020393]

This.

can't believe i got one wrong...could have got full marks. question 3, how is it C???? i put D, firstly, a lower competition in the product market means that inefficient industries still exist and won't decline, which means there will not be any structural unemployment, which reduce the size of nairu???

I put D as well and I don't really get why it's C, wouldn't increasing factor market competition increase unemployment rate rather than decrease it?
Good job on getting one wrong, I got 5 or 6 wrong from the answers posted up here

 

[Mjontrix]

IM PRETYTY FKN SURE 12 IS C, read the question carefully

 

[friend177]

IM PRETYTY FKN SURE 12 IS C, read the question carefully

yeah i thought by expansion the governemnt have spended more money which is expenditure and less revenue...
i did c as well..

 

[Mjontrix]

I interpreted the question like ''what will the government do in an economic expansion/expansionary policy''

 

[weirdguy99]

yeah i thought by expansion the governemnt have spended more money which is expenditure and less revenue...

Economic expansion refers to an increase in economic growth. Thus, the government would gain more revenue as more people move into higher tax brackets (eco growth leads to increase wages) and unemployment would drop leading to less transfer payments.

 

[silence--]

question asks for the 'impact' of an economic expansion

which i interpreted as: the expansion has already happened, what will be the effect on govt. So D.

but really idk anymore, not sure about anything. HAHA :L i'll just wait for determine or someone equally tank to post some solutions